March 21, 2019 Terry’s Tips Trade Alert  – Wiley Wolf Portfolio 

We have become negative net delta:

BTO 1 MSFT 17May19 120 put (MSFT190517P120)
STC 1 MSFT 17May19 115 put (MSFT190517P115) for a debit of $2.09 (buying a vertical)

BTC 1 MSFT 22Mar19 115 put (MSFT190322P115)
STO 1 MSFT 22Mar19 119 put (MSFT190322P119) for a credit of $.80 (selling a vertical)

BTC 2 MSFT 22Mar19 117 calls (MSFT190322C117)
STO 2 MSFT 29Mar19 118 calls (MSFT190329C118) for a debit of $.13 (selling a diagonal)

Be prepared to change these prices by $.05 or more in order to get an execution. 

Happy trading.

Terry